BIS and UK Bank of England Project Successfully Shows Stablecoin Balance Sheets can be Supervised

“Should
a
mismatch
occur
between
a
stablecoin
issuer’s
liabilities
(the
coins
in
circulation)
and
the
assets
backing
that
stablecoin,
this
could
undermine
confidence
in
the
ability
of
the
issuer
to
offer
redemption
at
par
and
prompt
a
‘run,’
ie
a
sudden
loss
of
belief
in
the
stablecoin’s
value,”
the
report
said.